Married Filing Jointly: Definition, Advantages, and Disadvantages

Married Filing Jointly: Definition, Advantages, and Disadvantages

What Is Married Filing Jointly? Married filing jointly is a filing status for married couples, allowing them to file joint tax returns. When filing taxes under married filing jointly status, a married couple can record their respective incomes, deductions, credits, and exemptions on the same tax return. Married filing jointly is often the best choice when only

Medicare Advantage Definition

Medicare Advantage Definition

What Is Medicare Advantage? Medicare Advantage (MA) is a Medicare plan offered by private insurers who contract with the program. Medicare Advantage plans, also known as Medicare Part C, provide hospital, outpatient, and, usually, prescription drug coverage, supplanting benefits under Medicare parts A, B, and D. Anyone who joins an MA plan still has Medicare

Medicare and Medicaid Fraud

Medicare and Medicaid Fraud

What Is Medicare and Medicaid Fraud? Medicare and Medicaid fraud refer to illegal practices aimed at getting unfairly high payouts from government-funded healthcare programs. Fraud involves deceit with the intention to illegally or unethically gain at the expense of another, in this case in order to illegally gain at the expense of government-sponsored healthcare programs.

Medicare Phase A Definition

Medicare Phase A Definition

What Is Medicare Part A? Medicare Part A is one of four components of the federal government’s health insurance program for older adults and other eligible people. Medicare Part A helps pay for bills related to inpatient hospital stays and procedures; inpatient care in a skilled nursing facility; hospice care; and home health care. It